- The United States on Wednesday imposed a 10 percent reciprocal tariff on Kenya as part of President Donald Trump’s latest round of trade tariffs on all imports to America.
- Tesla's (TSLA.O) quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk's politics, rising global competition and people waiting for a refresh to its highest-selling electric vehicle Model Y.
- Kenya denied on Wednesday it had discussed debt restructuring with China's finance minister after amending a reference in a social media post released in the wake of a meeting between the two countries' top finance officials.
- The Kenya Revenue Authority (KRA) has announced plans to simplify the Pay As You Earn (PAYE) return process for all employers, including Micro Small and Medium Enterprises (MSMEs) to boost compliance.
- Chinese smartphone maker giant Huawei said Monday that profits fell 28 percent last year as it faced international economic uncertainty and weak consumption at home.
- Primark chief executive Paul Marchant has resigned following a company investigation into his behaviour toward a woman "in a social environment", the budget fashion chain's owner Associated British Foods announced Monday.
- CIC Insurance Group Plc has posted a Profit Before Tax of Ksh.3.99 billion in its 2024 full year financial results compared to Ksh.2.54 billion recorded in 2023, representing a 57% growth.
- The Micro Small Enterprise Authority (MSEA) has formalized a strategic partnership with key industry players to enhance cold storage facilities in Meru, Kisii, and Nyandarua counties, which will benefit small-scale farmers.
- Kenya will host the Financing Agri-food Systems Sustainably (FINAS) Summit 2025 from May 20-22 in Nairobi bringing together global leaders, policymakers, financiers, and food system stakeholders to address the pressing issue of food systems financing in Africa.
- Kenya’s boda boda riders, a crucial force in the country’s mobility and delivery sector, continue to face significant financial risks due to inadequate insurance coverage.
- Kenyans are borrowing an average of Ksh.500 million daily, amounting to Ksh.15 billion monthly, a new report by the Digital Financial Services Association of Kenya (DFSAK), has revealed.
- In the wake of the United States' recent halting of all foreign assistance through USAID, of which Kenya was a beneficiary, Treasury Cabinet Secretary John Mbadi says they anticipate a similar move from the European Union (EU).
- Missed disbursements from the International Monetary Fund complicate the Kenyan government's strategy of lowering its debt-servicing costs and could delay other funding.
- Chinese carmaker BYD saw a surge in revenue last year, a stock filing showed Monday, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion.
- From 14th February 2025, the government is implementing a directive that requires all goods destined to Kenya to have a mandatory marine cargo insurance certificate issued by a locally incorporated insurance company in line with the provisions of section 20 of the Insurance Act cap 497.
- TransCentury Plc has secured a temporary reprieve after the High Court barred Equity Bank from appointing a receiver manager for the investment firm.
- Co-operative Bank has posted a net profit of Kshs 25.5 billion for the full year ending December 31st 2024, a 9.8% increase from Ksh.23.2 billion in 2023.
- Absa Bank Kenya PLC has announced improved financial results for the year ended December 31, 2024, with net earnings rising by 28% to Ksh.20.9 billion.
- At his workshop in Kasarani, Ngugi Mwatha and his team are busy. This is Kaia Leather, a venture he co-founded with his wife to make different leather products, after a visit to Ethiopia.
- The Kenyan shilling remained stable on Wednesday compared with the previous session, with traders forecasting gains in the coming days due to expected inflows from Kenyan Diaspora.
- Proparco signed an agreement with Equity Group on Wednesday, granting technical assistance of €1 million (about Ksh.141 million) to Equity Group Foundation (EGF) for the implementation of its “Climate Resilient Agri-Food Systems (CRAFS)” project.
- The Kenya Airports Authority (KAA) has signed a new service charter aimed at improving efficiency and customer experience at Jomo Kenyatta International Airport (JKIA).
- Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has reiterated the need for practical and inclusive financial solutions to support Africa's agricultural sector.
- Apparel retailer Forever 21 said Monday it commenced voluntary bankruptcy proceedings in the United States, beginning plans for an "orderly wind down" of US stores, while pursuing in parallel a possible sale.
- Speaking during the fleet receiving ceremony, Vivo Energy Kenya Managing Director Peter Murungi appreciated the partnership and expressed his confidence in the quality of the vehicles.
- A new report has revealed a 7% increase in business ownership in Kenya in 2025, while full-time employment as the primary source of income declined by 5% year-on-year.
- Oil marketing company Ola Energy has announced it is laying off an undisclosed number of workers in its Kenyan outfit as it restructures to boost profits and local market share over the next five years.
- More salaried Kenyans are turning to side hustles as economic pressures and rising debts push them to seek supplemental income, according to a new consumer survey, with nearly three–quarters choosing to cut back on non-essentials.
- Kenya and the UK have joined forces to hold a three-day workshop for Kenyan officials to improve regulations that underpin the running of businesses in Kenya.
- Safaricom Board Chairperson Michael Joseph has revealed how at the beginning, almost 18 years ago, M-Pesa was dismissed as nothing but a stupid idea and a costly gamble.
- KTDA has sold 102 million kilos of tea stranded at the Mombasa Tea Auction, hence preventing a crisis at the sector that has been driven by high volumes of the commodity over the years.
- Consumer goods manufacturer Kenafric has expanded its footprint in East Africa with the acquisition of stationery manufacturer Economic Industries, with the deal officially taking effect on Tuesday following approval from the Competition Authority of Kenya (CAK).
- Kenya is ramping up efforts to attract more German tourists by forging strategic partnerships and showcasing its diverse tourism offerings at the 2025 ITB Berlin Expo.
- SACCOS are set to lose billions of shillings following illegal withdrawals amounting to Ksh. 6 billion at the Kenya Union of Savings and Credit Co-operative (KUSCCO).
- With previous editions hosted in Eldoret, Kisumu, Nairobi, and Kisii, Afrigas’ conference series underscores the company’s national focus and deep-rooted partnerships across Kenya.
- Global shipping giant A.P. Moller-Maersk, in collaboration with the Kenya Ports Authority (KPA), has launched a comprehensive maritime training program in sea-time training for Kenyan cadets.
- Local lender Credit Bank has partnered with SACCOS to unveil a new remittance service aimed at improving the speed, affordability and accessibility of overseas money transfers to rural Kenya.
